Quote
Matches buyer and seller, but does not do any escrow
In the case of bitbargain they do escrow
Topic: Difference between Bitcoin Exchange and Market? (Read 401 times)
In the case of bitbargain they do escrow
I have no idea what they mean, but I can guess that they mean the following:
A market: Matches buyer and seller, but does not do any escrow, so whether any party upholds the agreed match/deal is not guaranteed by the "market".
An exchange: Does matching and escrow. The "money" is held by the exchange on your behalf, so you do not control it, except indirectly.
A market: Matches buyer and seller, but does not do any escrow, so whether any party upholds the agreed match/deal is not guaranteed by the "market".
An exchange: Does matching and escrow. The "money" is held by the exchange on your behalf, so you do not control it, except indirectly.
What is the difference between the two. On the FAQ page of bitbargain they say they are a market, not an exchange. How does this differ from exchanges such as Mt Gox?
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